MGS AQUASOLUTIONS AS

4170 SJERNARØY

Finances

Return on Equity

−11,9 %

Current Ratio

29,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	850 000	115 000	65 000	238 000
Net Income	−2 393 000	25 340 000	−204 000	11 634 000
Total Assets	20 626 000	23 066 000	3 284 000	6 476 000
Total Equity	20 106 000	22 499 000	159 000	2 464 000

Income (NOK)	2022	2021	2020	2019
Revenue	850 000	115 000	65 000	238 000
Expenditure	1 240 000	201 000	327 000	699 000
Operating Profit	−390 000	−86 000	−263 000	−461 000
Financial Income	0	25 534 000	1 000	12 016 000
Financial Costs	2 013 000	0	0	0
Financial Balance	−2 013 000	25 534 000	1 000	12 016 000
Earnings Before Tax	−2 403 000	25 447 000	−262 000	11 554 000
Tax	−10 000	108 000	−58 000	−79 000
Net Income	−2 393 000	25 340 000	−204 000	11 634 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 527 000	5 023 000	352 000	340 000
Total Current Assets	15 099 000	18 043 000	2 931 000	6 136 000
Total Assets	20 626 000	23 066 000	3 284 000	6 476 000
Total Retained Equity	19 996 000	22 389 000	49 000	2 354 000
Total Equity	20 106 000	22 499 000	159 000	2 464 000
Total Long-Term Debt	0	10 000	1 000 000	1 000 000
Total Current Debt	520 000	557 000	2 124 000	3 012 000
Total Equity and Debt	20 626 000	23 066 000	3 284 000	6 476 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	783 000	55 000	50 000	0
Other Income	67 000	60 000	15 000	238 000
Revenue	850 000	115 000	65 000	238 000
Cost of Goods Sold	254 000	−11 000	64 000	0
Salary Costs	0	0	0	0
Depreciation	369 000	93 000	57 000	59 000
Impairment	0	0	0	0
Expenditure	1 240 000	201 000	327 000	699 000
Operating Profit	−390 000	−86 000	−263 000	−461 000
Financial Income	0	25 534 000	1 000	12 016 000
Financial Costs	2 013 000	0	0	0
Financial Balance	−2 013 000	25 534 000	1 000	12 016 000
Dividends	0	0	2 100 000	3 000 000
Net Income	−2 393 000	25 340 000	−204 000	11 634 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	98 000	69 000
Real Eastate	4 831 000	4 857 000	0	0
Machinery and Plant Facilities	602 000	89 000	101 000	101 000
Fixtures	20 000	3 000	14 000	29 000
Total Tangible Assets	5 453 000	4 950 000	115 000	131 000
Total Fiancial Fixed Assets	74 000	74 000	140 000	140 000
Total Fixed Assets	5 527 000	5 023 000	352 000	340 000
Stock	77 000	65 000	43 000	43 000
Total Investments	14 861 000	17 574 000	0	0
Cash, Bank	24 000	317 000	1 827 000	5 093 000
Total Current Assets	15 099 000	18 043 000	2 931 000	6 136 000
Total Assets	20 626 000	23 066 000	3 284 000	6 476 000
Total Equity	20 106 000	22 499 000	159 000	2 464 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	10 000	1 000 000	1 000 000
Creditors	−2 000	40 000	11 000	10 000
Unpaid Taxes	2 000	0	0	−6 000
Dividends	0	0	2 100 000	3 000 000
Other Current Debt	520 000	517 000	13 000	9 000
Total Current Debt	520 000	557 000	2 124 000	3 012 000
Total Equity and Debt	20 626 000	23 066 000	3 284 000	6 476 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,9 %	112,63 %	−128,3 %	472,16 %
Debt-to-Equity Ratio	0	0	6,29	0,41
Operating Profit Margin	−45,88 %	−74,78 %	−404,62 %	−193,7 %
Current Ratio	29,04	32,39	1,38	2,04
Quick Ratio	34,08	36,67	1,41	2,07
Equity Ratio	0,97	0,98	0,05	0,38
Gross Profit Margin	70,12 %	109,57 %	1,54 %	100 %